The expected interest rate of the September 2024 Singapore Savings Bonds (“SSB”) will be based on the average SGS yields of July 2024. The daily “Average Buying Rates of Govt Securities Dealers 10-Year Bond Yield” for the month of July 2024 up to 19 July 2024 are as below.
Photo source: https://easyfind.sg/guide-to-singapore-savings-bond-ssb-is-it-worth-buying/
| July 2024 Date | 10-Year Yield |
|---|---|
| 1 | 3.26% |
| 2 | 3.28% |
| 3 | 3.27% |
| 4 | 3.25% |
| 5 | 3.22% |
| 8 | 3.20% |
| 9 | 3.21% |
| 10 | 3.18% |
| 11 | 3.19% |
| 12 | 3.10% |
| 15 | 3.05% |
| 16 | 2.98% |
| 17 | 2.98% |
| 18 | 3.03% |
| 19 | 3.07% |
| Average | 3.15% |
Do note that the above interest rate calculation covers from 1 July 2024 to 19 July 2024 which is a total of 15 business days. There are an additional of 8 business days till end of the month and thus the 10-year average yield may change slightly.
The expected 10-year average yield of the September 2024 issuance is approximately 3.15%, which is lower than the current August 2024 Singapore Savings Bond with a 10-year average yield of 3.22%.
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